Great Rotation Into Equities Has Begun, Amundi Says

Although much cash remains on the sidelines, investors have started moving into equities and are likely to continue doing so, said Ayaz Ebrahim, chief investment officer for Asia ex-Japan at Amundi Asset Management, one of the world’s biggest asset managers with about $1 trillion under management.

“There’s a gradual increase in confidence but it’s not euphoric by any means,” he said. “The search for returns is much stronger now.”

Mr. Ebrahim said he expects equities to outperform fixed income over the next 12 to 18 months as money chases bigger returns.

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